This three-day summer school at the University of Greenwich introduces Post-Keynesian Economics as an alternative to mainstream neoclassical economic theory and neoliberal economic policy. Key assumptions in Post Keynesian Economics are that individuals face fundamental uncertainty about the future; there is a central role for ‘animal spirits’ in the determination of investment decisions; inflation is the result of unresolved distributional conflicts; money is an endogenous creation of the private banking system; unemployment is determined by effective demand on the goods markets; financial markets are prone to periodic boom-bust cycles.
Post Keynesian theory is part of a broader Political Economy approach which highlights the social conflict and power relations between classes such as labour, capital and finance and social groups stratified along the lines of gender and ethnicity. Economic analysis should thus be rooted in a historic and institutional setting.
The summer school is aimed at students of economics and social sciences. As the aim of Post Keynesian Economics and Political Economy ultimately is to provide the foundation for progressive economic policies, it may be of interest for a broader audience.
Wednesday, 26 June, 9.30am – 6.30 pm
Welcome and opening
- Post Keynesian Economics, Introduction & Overview
(Engelbert Stockhammer, King’s College London)
- Effective Demand vs Says Law in Marx, Keynes and Kalecki
(Tomas Rotta, University of Greenwich)
- Economic Policy in Europe
(Özlem Onaran, University of Greenwich)
- Panel Discussion: Post Keynesian Economic Policy
(Engelbert Stockhammer, Tomas Rotta, Özlem Onaran)
Thursday, 27 June, 9.30am - 6.00pm
- Development in Post Keynesian and Marxist theories
(Christina Wolf, Kingston University)
- Money in the Economy: A Post-Keynesian Perspective
(Jo Michell, University of the West of England)
- Distributional and Ecological Challenges to our Economic System
(Rafael Wildauer, University of Greenwich)
- Student Working Groups
Friday, 28 June, 10.30am – 4.30pm
- Post-Keynesian and Political Economy Approaches to Economic Policy: Can Global Capitalism be Tamed?
(Gary Dymski, Leeds University)
- Student working groups in preparation of the Concluding Panel
- Concluding panel: The State of Political Economy and Progressive Economic Policy. Open questions from the workshop
(Engelbert Stockhammer and Gary Dymski)
Regular fees: 25 - 110 GBP
For details about the different tickets available please visit the event page.
Park Row, SE10 9LS, London
London , United Kingdom